Anselmo Teng stresses region’s Lusophone link

Anselmo Teng, Chairman of the Monetary Authority of Macau (AMCM), highlighted yesterday the region’s unique role as the platform for trade and economic cooperation between China and Portuguese-­speaking countries during a lunch meeting organized by the Macau European Chamber of Commerce (MECC). During yesterday’s event at the Sofitel Hotel, Mr Teng delivered a presentation titled “The Role of Macau as the Platform between China and Portuguese-Speaking Countries – The RMB perspective.”
According to a press release issued by MECC, Mr Teng gave a brief introduction to the local banking system and RMB business in Macau. He went on to describe the region’s strong ties with mainland China and the Portuguese-speaking countries. According to the AMCM Chairman, by exploiting its own competitive edge, Macau could play a role in the internationalization process of RMB, and facilitate RMB trades or investments among those Lusophone countries.  Mr Teng also stressed the importance of enhancing the “go global” strategy of Chinese enterprises through Macau’s role as a trade and economic platform – particularly while the internationalization of the RMB deepens – thus generating significant synergy between countries and mutually beneficial financial cooperation.